Retail Industry
Industry: Email Alert RSS FeedMacy's seeks court OK on employment pacts. (R.H. Macy & Company Inc.'s employment contract with Mark S. Handler and Myron E. Ullman) (Brief Article)
Daily News Record, July, 1992
NEW YORK (FNS) - R.H. Macy & Co. is seeking formal court approval of new employment agreements with Mark S. Handler and Myron E. Ullman, co-chairmen and chief executive officers, confirming previous reports.
Under the agreements, Handler and Ullman will each receive three-year contracts paying them $880,000-a-year, plus bonuses. The deal also provides for 10 percent annual increases, according to court documents.
A hearing on the new packages is scheduled for 2 p.m., July 22, before Bankruptcy Judge Burton R. Lifland.
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